Handelsbanken Fonder AB Has $1.94 Million Holdings in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Handelsbanken Fonder AB cut its stake in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 8.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 17,700 shares of the company’s stock after selling 1,700 shares during the period. Handelsbanken Fonder AB’s holdings in Ollie’s Bargain Outlet were worth $1,942,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in OLLI. Wilmington Savings Fund Society FSB boosted its stake in Ollie’s Bargain Outlet by 337.0% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 236 shares of the company’s stock worth $26,000 after purchasing an additional 182 shares during the period. Bogart Wealth LLC acquired a new position in Ollie’s Bargain Outlet in the 4th quarter worth $26,000. Blue Trust Inc. boosted its stake in Ollie’s Bargain Outlet by 55.2% in the 4th quarter. Blue Trust Inc. now owns 284 shares of the company’s stock worth $31,000 after purchasing an additional 101 shares during the period. UMB Bank n.a. boosted its stake in Ollie’s Bargain Outlet by 25.3% in the 4th quarter. UMB Bank n.a. now owns 545 shares of the company’s stock worth $60,000 after purchasing an additional 110 shares during the period. Finally, Park Place Capital Corp acquired a new position in Ollie’s Bargain Outlet in the 4th quarter worth $77,000.

Insider Buying and Selling at Ollie’s Bargain Outlet

In other Ollie’s Bargain Outlet news, CEO John W. Swygert sold 2,400 shares of the stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $102.54, for a total value of $246,096.00. Following the transaction, the chief executive officer now directly owns 48,200 shares of the company’s stock, valued at $4,942,428. This represents a 4.74 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Larry Kraus sold 10,646 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $115.58, for a total transaction of $1,230,464.68. Following the transaction, the senior vice president now directly owns 1,905 shares in the company, valued at $220,179.90. This represents a 84.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 78,939 shares of company stock valued at $8,745,031 in the last three months. 0.87% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on OLLI. Truist Financial increased their price objective on shares of Ollie’s Bargain Outlet from $109.00 to $121.00 and gave the stock a “buy” rating in a research note on Wednesday, December 11th. StockNews.com downgraded shares of Ollie’s Bargain Outlet from a “hold” rating to a “sell” rating in a research note on Tuesday, February 4th. Loop Capital increased their price objective on shares of Ollie’s Bargain Outlet from $120.00 to $130.00 and gave the stock a “buy” rating in a research note on Monday, December 23rd. Craig Hallum increased their price objective on shares of Ollie’s Bargain Outlet from $107.00 to $130.00 and gave the stock a “buy” rating in a research note on Wednesday, December 11th. Finally, Bank of America increased their price objective on shares of Ollie’s Bargain Outlet from $115.00 to $130.00 and gave the stock a “buy” rating in a research note on Wednesday, December 11th. One research analyst has rated the stock with a sell rating, four have given a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $118.07.

Ollie’s Bargain Outlet Stock Performance

Shares of OLLI stock opened at $99.00 on Wednesday. The firm’s 50-day moving average is $108.36 and its 200-day moving average is $100.44. The stock has a market cap of $6.07 billion, a price-to-earnings ratio of 29.55, a PEG ratio of 2.21 and a beta of 0.81. Ollie’s Bargain Outlet Holdings, Inc. has a 52-week low of $68.05 and a 52-week high of $120.03.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last released its quarterly earnings results on Tuesday, December 10th. The company reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.01. The firm had revenue of $517.43 million for the quarter, compared to analysts’ expectations of $518.83 million. Ollie’s Bargain Outlet had a net margin of 9.22% and a return on equity of 13.15%. The business’s revenue was up 7.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.51 EPS. Sell-side analysts predict that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 EPS for the current fiscal year.

Ollie’s Bargain Outlet Company Profile

Ollie’s Bargain Outlet Holdings, Inc is a holding company, which engages in the retail of closeouts, excess inventory, and salvage merchandise. It offers overstocks, package changes, manufacturer refurbished goods, and irregulars. The company’s products include housewares, food, books and stationery, bed and bath, floor coverings, electronics and toys.